HAMILTON, Bermuda, Aug. 30 /PRNewswire-FirstCall/ -- Security Capital Assurance Ltd ("SCA" or the "Company") today announced that it has filed a universal shelf registration statement on Form S-3 ("Universal Shelf Registration Statement") with the Securities and Exchange Commission. As of the date of this press release, the Company has no current plans to issue securities under the Universal Shelf Registration Statement. The Universal Shelf Registration Statement was filed as soon as practical following the one year anniversary of SCA's IPO in August 2006.
The terms of any offering will be established at the time of the actual offering and will be described in a supplement to the prospectus and any offering may be made only by means of a prospectus as so supplemented. A copy of the prospectus and prospectus supplement related to a specific offering may be obtained, when available, from the offering's underwriters or dealers.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state
About Security Capital Assurance
Security Capital Assurance Ltd is a Bermuda-domiciled holding company whose operating subsidiaries provide credit enhancement and protection products to the public finance and structured finance markets throughout the United States and internationally. SCA, through its subsidiaries - XL Capital Assurance Inc. (XLCA), a financial guarantee insurance provider, and XL Financial Assurance Ltd. (XLFA), a provider of reinsurance to financial guarantee insurers - issues financial guarantee insurance policies and credit default swaps, as well as the reinsurance of financial guarantee insurance and credit default products written by other insurers. XLCA and XLFA are assigned the highest financial strength ratings by the major credit rating agencies: Aaa by Moody's Investors Service, AAA by Standard & Poor's Ratings Service, and AAA by Fitch Ratings. For more information please visit http://www.scafg.com/.
This press release contains forward-looking statements. Such statements involve inherent risks and uncertainties. Statements that are not historical facts, including statements about the Company's beliefs or expectations, are forward-looking statements. These statements are based on current plans, estimates, and expectations. Actual results may differ materially from those projected in such forward-looking statements and, therefore, you should not place undue reliance on them.
A non-exclusive list of the important factors that could cause actual events or results to differ materially from those in such forward-looking statements is set forth in the Company's most recent annual report on Form 10- K, quarterly report on Form 10-Q, and the Company's other documents on file with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise publicly any forward-looking statement, whether as a result of new information, future developments or otherwise.
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